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Relocating Items to Understand in
Regards to a Future Employer
Employers can help: They can
assist in your planning and organizing
and might even pay. Basic things
you'll need to find out: Who's
paying for the relocation? What
should I ask for? What to expect?
Can you afford the relocation?
Cost: If a company can relocate an
employee how much will it cost?
According to the Employee Relocation
Council a company who relocate a new
employee pays an average of $49,469 for
homeowners and $14,001 for renters.
Employers: In tough job markets, like
today, many companies do not offer
financial help. Where an employer
is located is important because many
employers end up favoring local
candidates because they would not
require any assistance in relocating.
If you know that up front then state
that in the cover letter that you are
going to be paying for your own
relocation costs. Just use the
KISS method (keep it simple stupid).
All you need to say is, "I do not need
relocation assistance". On the
other hand if you are seeking relocation
assistance than make sure you don't
state that in the cover letter.
Read the Writing: Things to look
for might be that some companies offer
one-time payments. Also most of
the time you will need to plan and
organize your own relocation. If
the company agrees to pay $20,000 and
you spend $40,000 then you will have to
pay $20,000, the difference. If
you do get the company to pay for your
relocation get the specifics of what
they will be paying for and what they
won't pay for. Sometimes
companies can get very creative with
some of the relocation packages but just
make sure you due your due diligence
before you accept their offer.
Negotiate with the Employer:
Sometimes relocation money is part of
the Employee's benefits package in which
case they'll be covered or a portion
will be covered. Everything is
negotiable. From negotiation your
compensation to vacation to relocation
do what make sense for your family.
Company Executives and Senior Management
are the people who get the relocation
assistance the most. Also
Employees with unique skills and
experience that will help the business
tremendously will get the relocation
money too. Sometime small towns
and rural communities don't have a good
pool of candidates for highly educated
or uniquely qualified people so they are
more apt to pay for relocation
assistance.
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